Since this is the only online chat board I am aware of for our company, I wanted to toss out a serious question related to stock strategy based on the current price and valuation. I'd like to get some opinions on what you guys think is the right call at this point in our company life cycle.
I have a very large number of stock options granted to me over the last 3+years at prices anywhere from $400 and close to $600 ($569.21 to be exact) per share. I also have lots of ESPP stock ranging in purchase price between around $330 and $395 per share. Today's stock price happens to be $363.86 per share. I can assume that something would have to majorly change in an upcoming quarterly earnings report or FDA approval for those options to be worth anything. I can also obviously assume that would have to happen for the ESPP stocks to be worth any $ more than I bought them for.
Here is the question for you guys with way more market trading and stock experience than I have: Would you leave your stocks alone right now and hope for better times for our company or would you dump some stocks now, save on taxes and invest in other company stocks? The high priced options are obviously worthless and hopefully that will change but would you continue to do what I'm doing and invest the 15% of income into employee stock (ESPP)?
These questions have absolutely nothing to do with my feelings about working for ISI as a clinical rep. I absolutely love this job and love the accounts and surgeons I get to work with every day. I am also lucky to be a part of an excellent clinical team supported by a good manager. Our team is in a great region, we post great numbers every quarter and we all benefit from that in a number of ways. I really wish this CP forum wasn't so saturated with annonymous people complaining about how awful it is to work at ISI in general. It's not. It just depends on where you are in the country and who the people around you are (CSMs, CSDs, ASMs, etc).
I just wanted to see where some of my colleagues stand on the whole stock issue. Wall street sees ISI from a totally different lens than I do but the market sets our stock price and I wish I knew more about what to do from the investment side. Any serious advice is appreciated.
I have a very large number of stock options granted to me over the last 3+years at prices anywhere from $400 and close to $600 ($569.21 to be exact) per share. I also have lots of ESPP stock ranging in purchase price between around $330 and $395 per share. Today's stock price happens to be $363.86 per share. I can assume that something would have to majorly change in an upcoming quarterly earnings report or FDA approval for those options to be worth anything. I can also obviously assume that would have to happen for the ESPP stocks to be worth any $ more than I bought them for.
Here is the question for you guys with way more market trading and stock experience than I have: Would you leave your stocks alone right now and hope for better times for our company or would you dump some stocks now, save on taxes and invest in other company stocks? The high priced options are obviously worthless and hopefully that will change but would you continue to do what I'm doing and invest the 15% of income into employee stock (ESPP)?
These questions have absolutely nothing to do with my feelings about working for ISI as a clinical rep. I absolutely love this job and love the accounts and surgeons I get to work with every day. I am also lucky to be a part of an excellent clinical team supported by a good manager. Our team is in a great region, we post great numbers every quarter and we all benefit from that in a number of ways. I really wish this CP forum wasn't so saturated with annonymous people complaining about how awful it is to work at ISI in general. It's not. It just depends on where you are in the country and who the people around you are (CSMs, CSDs, ASMs, etc).
I just wanted to see where some of my colleagues stand on the whole stock issue. Wall street sees ISI from a totally different lens than I do but the market sets our stock price and I wish I knew more about what to do from the investment side. Any serious advice is appreciated.